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Internet of Things Business Models in the Financial Sector
KTH, School of Industrial Engineering and Management (ITM), Industrial Economics and Management (Dept.).
KTH, School of Industrial Engineering and Management (ITM), Industrial Economics and Management (Dept.).
2019 (English)Independent thesis Advanced level (degree of Master (One Year)), 40 credits / 60 HE creditsStudent thesisAlternative title
Affärsmodeller för Sakernas Internet i den Finansiella Sektron (Swedish)
Abstract [en]

This is a research paper that aims to further develop a knowledge about implementing IoT in the financial sector and the adaption of business models that entails. As societies is becoming more digitalized, the businesses within these societies needs to adapt and also meet the new digitalized business models. Currently, there is not a sufficient amount of literature available addressing this matter, hence the authors interest in researching the field, meet with industry experts, and deeper understand how the modern financial sector needs to adapt if implementing new digital solution such as IoT. The method of this paper is designed to allow the authors the best possible outcome by initially conduct a literature review based on the pillars of the paper, the IoT as itself, IoT in the financial industry, and Business models. Then the research is based on empirical findings based on semi-structured interviews conducted with industry experts. Lastly, the final data collection is based on secondary data from white papers and consultancy reports to back up the previous findings. The authors hypothesis of the findings was that the data collected from literature review, would have no deviation from the data collected based on the interviews. However, not all of the expected findings suggested the same answer. Because of that, the authors managed to get a very broad picture of the problem, in order to find the proper changes to a new digitalized business model when implementing IoT. The major finding of the research is that the financial sector needs to look at the data collection from IoT different from e.g. a manufacturer as it is the Data itself that is important, and how to best use it, not to install sensors in devices, unless the sensors is installed already previously financed devices by the financial institution.

Place, publisher, year, edition, pages
2019. , p. 66
Series
TRITA-ITM-EX ; 2019:227
Keywords [en]
Internet of Things, IoT, Business model, BMC, financial sector, case study
Keywords [sv]
Sakernas Internet, Affärsmodell, BMC, finanssektorn, fallstudie
National Category
Business Administration
Identifiers
URN: urn:nbn:se:kth:diva-254246OAI: oai:DiVA.org:kth-254246DiVA, id: diva2:1329606
Educational program
Master of Science - Entrepreneurship and Innovation Management
Supervisors
Examiners
Available from: 2019-09-06 Created: 2019-06-24 Last updated: 2019-09-06Bibliographically approved

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CiteExportLink to record
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Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
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  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
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